As of the beginning of 2024, there have been positive signs in the labor market and job creation in Hanoi, according to the Department of Labor, Invalids and Social Affairs. The number of created jobs has slightly increased.
SYNCHRONIZED JOB CREATION AND EMPLOYEE BENEFITS
In February alone, the city provided jobs for 12,715 workers. Of these, more than 3,000 jobs were created through the city’s budget entrusted to the Social Policy Bank, with a total of 195.5 billion VND. Over 1,000 workers were employed after interviews at job trading sessions and exchanges.
In addition, over 8,000 workers were employed through labor exports and job services provided by businesses and other means.
However, compared to the same period last year, the number of created jobs this month decreased by 1,380 workers, equivalent to a 9.7% decrease (in February 2023, 14,095 workers were employed).
Therefore, in the first two months of 2024, the entire city of Hanoi provided jobs for 28,262 workers, reaching 17.4% of the annual target (the city strives to provide jobs for 165,000 workers in 2024), an increase of 1.4% compared to the same period in 2023.
In February, the Hanoi Employment Service Center organized 15 job trading sessions with 464 participating organizations and businesses. The total recruitment demand and enrollment was 9,977 people, and the total number of workers interviewed was 3,149, with 1,003 workers recruited during the session. In the first two months of the year, 35 job trading sessions were organized with 1,097 participating organizations and businesses, resulting in the recruitment of 2,293 workers.
The city also announced that 97 companies have been approved to recruit foreign workers. 350 new permits were issued, while 105 permits were renewed for foreign workers. 64 cases of foreign workers not requiring work permits were confirmed.
During the first two months, 195 companies were approved to recruit foreign workers. 495 new permits were issued, while 146 permits were renewed for foreign workers. 93 cases of foreign workers not requiring work permits were confirmed.
In addition to job creation activities, unemployment insurance benefits have also been fully and promptly implemented. In February, the city decided to provide unemployment insurance benefits for 4,757 individuals, with support totaling 161.9 billion VND. Job counseling and referrals were provided for 3,859 individuals, and vocational training support was provided for 55 individuals, with a total of 230.2 million VND.
As of the end of February, the city has provided unemployment insurance benefits for 9,991 individuals, with support totaling 315 billion VND. Job counseling and referrals were provided for 8,991 individuals, and vocational training support was provided for 109 individuals, with a total of 437.2 million VND.
IMPLEMENTING SOLUTIONS TO CONNECT LABOR SUPPLY AND DEMAND
According to the Department of Labor, Invalids and Social Affairs in Hanoi, in the first months of 2024, the department has closely monitored the labor market and timely grasped the employment situation after the Lunar New Year holiday in local businesses and especially in industrial zones to attract workers back to work and support businesses in addressing local labor shortages to meet their production and business needs.
In the time leading up to, during, and after the Lunar New Year, the labor relationship situation in the city remained stable, with no strikes or collective work stoppages occurring.
Currently, businesses in the city have returned to normal operations and actively recruited additional workers.
To stabilize and develop the labor market in the city, the Department of Labor, Invalids and Social Affairs in Hanoi will implement a comprehensive range of measures, with a focus on strengthening labor supply and demand connections.
At the same time, the department will review and assess labor demand in each industry and field, develop labor skills, and promptly provide labor to meet market demand.
This year, the city plans to organize 230 job trading sessions, including daily, online, specialized, mobile, and recruitment sessions to hire 20,000 workers through job trading sessions.
The department will also enhance labor market connections with other localities. Mr. Vu Quang Thanh, Deputy Director of the Hanoi Employment Service Center, said that through job trading sessions connecting provinces and cities, and sharing data among employment service centers, local labor markets will be brought closer together. This will support businesses in having access to multiple sources of labor, while also giving workers more opportunities to find suitable employment.
According to Mr. Thanh, the transportation infrastructure and means of transportation between localities are currently very favorable, and businesses also offer good welfare benefits to attract and retain workers. These factors allow workers to work in multiple locations.
